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he says representative cole if we restore the clinton tax rates today than in ten years, 2022, we have the deficit where it should be. >> guest: he is certainly correct to generate a great deal more revenue. if we did that let's say they made for under $50,000 that is a 2,000-dollar tax increase and again i don't think the president wants to do that. he said he doesn't want to do that our side doesn't want to do that. you know, going back to the clinton tax rate, and remember the average american family has taken a terrific hit. the median household income for years ago when the president became the president was around $54,000 a year and is about 50 now. so this portion of the population which is gotten squeezed tremendously i don't think adding an extra tax at the 98 percent is going to, number one, be very helpful to the more helpful to the economic growth. number two it's how much you want the folks to pay? so again, freezing those tax rates with an overwhelming majority of americans is a smart thing to do, we ought to do it and both sides say they want to. >> host: and you said ea
he says representative cole if we restore the clinton tax rates today than in ten years, 2022, we have the deficit where it should be. >> guest: he is certainly correct to generate a great deal more revenue. if we did that let's say they made for under $50,000 that is a 2,000-dollar tax increase and again i don't think the president wants to do that. he said he doesn't want to do that our side doesn't want to do that. you know, going back to the clinton tax rate, and remember the average...
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going back to the clinton tax rates, remember, the average american family has taken a hit. median income four years ago was $54,000 a year. it is about $50,000 a year now. this portion of the population has been squeezed. adding taxes on 90% will not be helpful. how much do you want folks to bear? freezing those tax rates for the overwhelming majority of americans is a smart thing to do. host: you said fight later on. guest: the fight would start the next day. we could do what i'm talking about, and negotiations could continue. doing what i'm talking about does not violate what either side is fighting over. they both say this is something we want to do. why not make sure we do not have some last-minute failure at the end of december. guest: what gives you confidence that democrats would agree later on? guest: this is where i disagree with some of my colleagues. they seem to think the american people are leveraged, and this is the democrats leverage. our leverage is in the spending and entitlement issues. the president and his negotiators are smart and able people. they know
going back to the clinton tax rates, remember, the average american family has taken a hit. median income four years ago was $54,000 a year. it is about $50,000 a year now. this portion of the population has been squeezed. adding taxes on 90% will not be helpful. how much do you want folks to bear? freezing those tax rates for the overwhelming majority of americans is a smart thing to do. host: you said fight later on. guest: the fight would start the next day. we could do what i'm talking...
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>> i think that -- i have so much respect and admiration for hillary clinton, secretary clinton has done an amazing job as secretary of state. i know she's earned and deserves and looking forward to the well-earned rest she's planning to take and she's an incredible leader who has a tremendous future as a leader of the united states of america. >> well, if you looked at the video that introduced her at the forum on friday night here, a the lot of people are suggesting that well-earned rest is only going to be a prelude to something else down the road and not -- >> we'll give her a little time to rest and then i'm sure that she'll be pressed into service and knowing secretary clinton, i'm sure she doesn't plan to rest very long. >> thanks very much. >> thank you. >> thank you, congresswoman. >> and coming up next, why won't the president sit down with john boehner? more from that new interview with president obama, next. [ fishing rod casting line, marching band playing ] [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request sou
>> i think that -- i have so much respect and admiration for hillary clinton, secretary clinton has done an amazing job as secretary of state. i know she's earned and deserves and looking forward to the well-earned rest she's planning to take and she's an incredible leader who has a tremendous future as a leader of the united states of america. >> well, if you looked at the video that introduced her at the forum on friday night here, a the lot of people are suggesting that...
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members of president clinton's economic team, people like bob rubin and larry podesta, have put their name to a plan that calls for $200 billion more in tax revenue than even the president is asking. for more now we have with us william cohen in new york, a columnist for the bloomberg view, and clarence page, a columnist for "the chicago tribune." welcome to both of you. clarence, one thing this makes plain is democrats are feeling confident in a fiscal cliff win. why not ask for more? >> well, they're certainly asking for more than president obama is asking, and that is the point here. they feel that the policies of the clinton era that gave us the prosperity that we saw back then would be good to impose now. they are really calling for a different kind of arrangement pushing for a simplification of the tax code that would include taxes on cigarettes and alcoholic beverages which would cross income lines, those kind of consumer taxes hit lower income tax people -- taxpayers as well as upper, and they want to get rid of the amt, that automatic tax that's designed to make sure that old
members of president clinton's economic team, people like bob rubin and larry podesta, have put their name to a plan that calls for $200 billion more in tax revenue than even the president is asking. for more now we have with us william cohen in new york, a columnist for the bloomberg view, and clarence page, a columnist for "the chicago tribune." welcome to both of you. clarence, one thing this makes plain is democrats are feeling confident in a fiscal cliff win. why not ask for...
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brought back to where they were under clinton. that's the catalyst that has to be brought home to republicans. they can make the deal whenever but they best make it now. if they make it late there will be hell to pay for all of us, including them. the people running the government. the politicians. good politicians don't take their countries off of cliffs. that's "hardball" for now. thanks for being with us. "politicsnation" with al sharpton starts right now. >>> thanks, chris. and thanks to you for tuning in. i'm live from washington, d.c. tonight's lead, the end of an era. for more than 20 years republicans have calmed to the one policy that's crippled our ability to get things done in washington. do you remember this? >> read my lips. no new taxes. >> read my lips, no new taxes. george h.w. bush hammered that mantra to win the white house in 1988. but just two years later, the reagan deficits were skyrocketing and president bush was forced to change his most famous line. >> long and bitter battle over the budget officially ende
brought back to where they were under clinton. that's the catalyst that has to be brought home to republicans. they can make the deal whenever but they best make it now. if they make it late there will be hell to pay for all of us, including them. the people running the government. the politicians. good politicians don't take their countries off of cliffs. that's "hardball" for now. thanks for being with us. "politicsnation" with al sharpton starts right now. >>>...
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this is the home of the clinton presidential library, and maybe the hilary clinton presidential library. >> stephanie: oh, i hope so. i was just talking to somebody about that yesterday. >> caller: when are you coming down here, we have a lot of liberals down here. >> stephanie: yes, i have never been to the clinton library. >> caller: well, come on down. what i wanted to point out, and it has already been said here before, basically -- the republicans are trying to throw grandma and grandpa under the bus because of the $3 trillion war debt. >> stephanie: yeah. >> caller: this is what this is somebody. americans claim to be patriotic, and so many of us wanted to go to war after 9/11 then why don't we have a surtax on the bottom of our income tax reform so we can all pay, but people like mitt romney should be paying more also. >> stephanie: absolutely. >> all of the politicians who supported the iraq war should be paying more. >> stephanie: there you go. and by the way -- >> i am not one of your fans! >> stephanie: sexy liberal hal sparks and spongebob square pants on the big show tomorr
this is the home of the clinton presidential library, and maybe the hilary clinton presidential library. >> stephanie: oh, i hope so. i was just talking to somebody about that yesterday. >> caller: when are you coming down here, we have a lot of liberals down here. >> stephanie: yes, i have never been to the clinton library. >> caller: well, come on down. what i wanted to point out, and it has already been said here before, basically -- the republicans are trying to...
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former chief of staff of bill clinton. john has to leave us early. we have the director of the urban institute's tax policy center. we'll see if you two disagree on anything. we have will marshal from the progressive policy institute. we have senator bob packwood from oregon, former chairman of the senate finance committee, part of the 1986 negotiations. and the other folks here have been part of the conversation. my only message to the new arrivals, please jump in whenever you see fit. we have an hour to an hour and a half. if you hear something you want to weigh in on, don't wait for me. we're talking now about the other very small issue in this issue and that is tax policy and how best to put the nation on a sustainable fiscal path. the question of revenue, how much, where to get it, the options on the table and would like your thoughts. as you heard from chairman bachus. they need ideas to bridge this gap because we appear to be at a stale mate. i turn it over to john to get your thoughts knowing he has to leave and the center for american progre
former chief of staff of bill clinton. john has to leave us early. we have the director of the urban institute's tax policy center. we'll see if you two disagree on anything. we have will marshal from the progressive policy institute. we have senator bob packwood from oregon, former chairman of the senate finance committee, part of the 1986 negotiations. and the other folks here have been part of the conversation. my only message to the new arrivals, please jump in whenever you see fit. we have...
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new reports that hillary clinton got a special job pitch. apparently so did david petraeus and neither one took the advice. new york city mayor michael bloomberg's successor will have big shoes to fill according to "the new york times." bloomberg called secretary of state hillary clinton a few months ago to encourage her to enter the 2013 new york city mayoral race. but reportedly told the mayor she has no interest in the job. as deputy mayor there howard wolf son, former senior adviser to hillary clinton's presidential campaign in 2008. mayor bloomberg isn't the only 0 one giving out advice. this is great. it's bob woodward, heads are exploding as i speak. let me get to the story. woodward reports that roger ales, the chairman and founder of fox news, encouraged general david petraeus to run against obama in the 2012 election. last spring asked fox news analyst to make the pitch while she was traveling with petraeus. in a recording of the conversation between mcfarland and petraeus mcfarland can be heard saying that ales advises petraeus to
new reports that hillary clinton got a special job pitch. apparently so did david petraeus and neither one took the advice. new york city mayor michael bloomberg's successor will have big shoes to fill according to "the new york times." bloomberg called secretary of state hillary clinton a few months ago to encourage her to enter the 2013 new york city mayoral race. but reportedly told the mayor she has no interest in the job. as deputy mayor there howard wolf son, former senior...
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we'll go back to the clinton era, which will happen at the beginning of the year. >> stephanie: yeah. >> caller: and i mean also other people in the lower-income brackets will have to pay more, but i think we're willing to do that. >> stephanie: i don't think it's a preferable thing to go off of the cliff, but the more and more you see republicans have not changed one bit from their obstructionist ways i think, yeah, maybe. >> caller: it doesn't mean that starting january, the world will come to an end. >> caller: yeah, it's gradual. >> caller: and if you ask the people -- fortunately i live in texas, so the previous president i didn't -- i agree with a lot of times, but i will just say that he never asked us to sacrifice anything. he told us to go shopping. >> stephanie: yeah. >> caller: that is -- it's crazy. >> stephanie: exactly, unless you cut a [ inaudible ] for that last pair of [ mumbling ] shoes. >> stephanie: i should have picked an easier to pronounce shoe. >> keds. [ laughter ] >> stephanie: this is the headlines. they really have not -- they presented another budget where
we'll go back to the clinton era, which will happen at the beginning of the year. >> stephanie: yeah. >> caller: and i mean also other people in the lower-income brackets will have to pay more, but i think we're willing to do that. >> stephanie: i don't think it's a preferable thing to go off of the cliff, but the more and more you see republicans have not changed one bit from their obstructionist ways i think, yeah, maybe. >> caller: it doesn't mean that starting...
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restoring the clinton tax rates is something i would support. we supported them back in 1991 when bill clinton was running for president. no problem on that. it is a reasonable adjustment, but may not be sufficient to reach the targets we need and it does not help us in bipartisan bargaining, reaching a deal. i hope as this negotiation -- we ought to be at the irish times -- that they will not make a fetish of marginal tax rates street if they should go up some, but do they need to go back where they work? i do not know. lots of ways to increase taxes on rich people, and it may be that a hybrid of marginal tax increases and the kind of base- broadening loophole closing expenditure closing that simpson-bowles proposed should be part of the mix. raising marginal rates does not guarantee you will get your intended target. a very rich people depend more on investment income than on their labour income. if you want to get them -- and this is where mitt romney was able to pay a 14% tax rate on earnings of $14 million -- so if you are trying to get the
restoring the clinton tax rates is something i would support. we supported them back in 1991 when bill clinton was running for president. no problem on that. it is a reasonable adjustment, but may not be sufficient to reach the targets we need and it does not help us in bipartisan bargaining, reaching a deal. i hope as this negotiation -- we ought to be at the irish times -- that they will not make a fetish of marginal tax rates street if they should go up some, but do they need to go back...
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going back to the clinton era rate of 39% -- >> is it about fairness? or is it about lessening the deficit? because it doesn't really do a whole lot for the debt or deficit over ten years. >> well, it's about fairness, but it's also about what are the better options? given that the wealthy are really skating by these days. and so how do you collect more revenue from them? and all the various ideas about, well, you cap this deduction, and cap that deduction. there are not only political constituencies that will fight tooth and claw on every deducti deduction, there are some reasons, fairly good reasons why you would want to think twice. you know, are you going to go after home mortgage deduction at a time when the housing industry is trying to get its feet? are you going to go after the exemption on taxation for health insurance? i mean, that's the biggest one, actually. that's like $250 billion a year. but i don't think anybody wants to dive back into that at this point. so, you know, how else are you going to do it? >> arianna, can i just say that -- a
going back to the clinton era rate of 39% -- >> is it about fairness? or is it about lessening the deficit? because it doesn't really do a whole lot for the debt or deficit over ten years. >> well, it's about fairness, but it's also about what are the better options? given that the wealthy are really skating by these days. and so how do you collect more revenue from them? and all the various ideas about, well, you cap this deduction, and cap that deduction. there are not only...
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in the '90s when the government shut down eyeball to eyeball negotiations were going on between bill clinton and then speaker newt gingrich and the government did shut down. the president emerged on both occasions, two shutdowns, in a stronger political position because the american public blamed the conservatives, the republicans in congress more than they blamed the white house. so that is the one area where the white house is saying, look, they have some leverage on that. >> let me ask you this, wolf. you have been at this game a long time. this intractability sounds and feel it's like nothing we have ever seen before. do you have any sort of, i don't know, light on the horizon that you see? are we going to be this polarized and literally make the country pay for what's now become just sheer ugly politics? >> my own gut tells me that between now and the end of the year they will reach a deal. and it will be a compromise and both sides won't be thrilled by it, but it will be better than the alternative. and it will probably go down to the last minute. it usually does. maybe ruin some chris
in the '90s when the government shut down eyeball to eyeball negotiations were going on between bill clinton and then speaker newt gingrich and the government did shut down. the president emerged on both occasions, two shutdowns, in a stronger political position because the american public blamed the conservatives, the republicans in congress more than they blamed the white house. so that is the one area where the white house is saying, look, they have some leverage on that. >> let me ask...
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bush or president bill clinton, or president george w. bush or president barack obama, the truth is, at the time they were elected president, we as a nation, overall, got the president we deserved at that time. now, one of the most impressive speeches i've ever heard was given by senator barack obama at the democratic convention, and i love the way he talked about america coming back as one america. not a red america or blue america but america. just one country. and it's one of the things that i drew great hope from on 9/12 delsh 2001 as people of the country -- on 9/12/2001 as people of the country gathered around, as we did in our east texas town, and we all held hands and we sang hymns and patriotic songs and you look -- i look around the circle and was deeply moved because i knew that day there were no hyphenated americans. there were just americans. and we were together. and everybody standing there in that square holding hands, we shared the love for our country. we wanted to see it strong. we wanted to see it recover from that dev
bush or president bill clinton, or president george w. bush or president barack obama, the truth is, at the time they were elected president, we as a nation, overall, got the president we deserved at that time. now, one of the most impressive speeches i've ever heard was given by senator barack obama at the democratic convention, and i love the way he talked about america coming back as one america. not a red america or blue america but america. just one country. and it's one of the things that...
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all i can say that benjamin met yahoo was in the hillary clinton video. maybe he's waiting for 2016. thank you for your time tonight. >> thank you eliot. >> e [ ♪ theme ♪ ] >> bill: hey, good morning everybody. what do you say? it is tuesday, december 4. so good to see you today. welcome to the "full court press" here on current tv. your new progressive morning show. the only progressive morning show anywhere on cable television in this country. good to have you with us this morning. we will tell you -- bring you up to date on all of the latest news of the day and take your calls at 1-866-55-press. and word is out this morning that roger ails told david petraeus when he was still in iraq that he should quit and run for president of the united states against barack obama and if he did so, roger ails said he would quit fox news and run his campaign. how about it. don't tell me fox news is not the broadcast arm of the republican party. that proves it! all right. we'll get into that and a whole lot more here. first we get the latest current news update fr
all i can say that benjamin met yahoo was in the hillary clinton video. maybe he's waiting for 2016. thank you for your time tonight. >> thank you eliot. >> e [ ♪ theme ♪ ] >> bill: hey, good morning everybody. what do you say? it is tuesday, december 4. so good to see you today. welcome to the "full court press" here on current tv. your new progressive morning show. the only progressive morning show anywhere on cable television in this country. good to have you...
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this is something that former president clinton said during the campaign. it's arithmetic. given the choice between the millionaires and billionaires and the middle class, the republicans again sided with the wealthy of this country. their plan doesn't just keep rates low for the richest 2%, it actually lowers them further. the democrats' plan would protect 98% of families and 97% of small businesses from painful tax increases by asking the top 2% to pay a little bit more. the republicans' plan, on the other hand, is more of the same. not only does 2 balance the budget on the backs of the middle class, it voids our promise to seniors with steep cuts to social security and medicare, all to pay for even more handouts to the rich. at least we now know where they stand. republicans have sought to cover by invok invoking erskine bowle' name. he has disavowed their plan. we're glad to see the republicans join in the negotiating process. while their proposal may be serious, it's also a nonstarter. they know any agreement that raises taxes on the middle class in order to protect mo
this is something that former president clinton said during the campaign. it's arithmetic. given the choice between the millionaires and billionaires and the middle class, the republicans again sided with the wealthy of this country. their plan doesn't just keep rates low for the richest 2%, it actually lowers them further. the democrats' plan would protect 98% of families and 97% of small businesses from painful tax increases by asking the top 2% to pay a little bit more. the republicans'...
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. >>> and a prominent new york city politician asked the secretary hillary clinton as she prepares to step down. michael bloomberg called clinton to encourage her to enter the 2013 race for new york mayor when his term end. "the new york times" made it clear that she had no interest in the job. if she, however, decides to change her mind, she has one hurdle she has to overcome. she has to be a resident of the city. she bought a home when sheep deep sided to run for senate. >> exactly. >> new york senate years ago. >> you would imagine hillary clinton is one of the superstars in politics, and she has certain star power. you would think if she comes back into politics at this point -- they say she is not -- she would want a national office compared to a big, big job like mayor of new york city. if she gets in the game, she's going for the top again. the white house, not here in new york. >> what is mayor bloomberg going to do, steps down december 31st of 2013. >> count his money, i guess. >>> speaking of money, mitt romney is making a career move of sorts. he's rejoining the board of di
. >>> and a prominent new york city politician asked the secretary hillary clinton as she prepares to step down. michael bloomberg called clinton to encourage her to enter the 2013 race for new york mayor when his term end. "the new york times" made it clear that she had no interest in the job. if she, however, decides to change her mind, she has one hurdle she has to overcome. she has to be a resident of the city. she bought a home when sheep deep sided to run for senate....